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Sears expanded into Latin America and Spain starting with a small store in Downtown Havana, Cuba in 1942. Sears opened its first store in Mexico City in 1947; the Mexican stores would later spin off into Sears Mexico, now owned by billionaire Carlos Slim's Grupo Sanborns, which by the end of 2022 operated 97 stores across Mexico.
Shopping centers in Mexico are classified into six different types: [1] Super-regional shopping center with 90,000+ sqm GLA. These typically have 3 or more full-line department store anchors (e.g. Liverpool , El Palacio de Hierro , Sears ) and feature merchandise in the luxury, premium and AAA categories.
A second and third Sears were opened in 1949 in Monterrey and Guadalajara, and by 1953, Sears had seven stores in Mexico with annual sales of more than $15 million and employed around 1,900 people. These employees received cost-of-living allowances, paid vacations, retirement funds and free medical treatment. [3]
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In August 1993, Pope John Paul II visited the city on his third trip to Mexico. [20] The city has been host to two bilateral United States – Mexico conferences, the first in 1999 (Bill Clinton – Ernesto Zedillo) and the second in 2007 (George W. Bush – Felipe Calderón, which resulted in the creation of the Mérida Initiative).
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English: Logo of Sears Mexico introduced in 2013. Date: circa 2013. Source: www.sears.com.mx: Author: Sears Operadora México ... Although it is free of copyright ...